Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 31, 2026 Federal Reserve Board requests comment on a proposal to modernize rules for mutual banking organizations For release at 10:00 a.m. EDT The Federal Reserve Board…
LPL Financial said its recruited assets were $25 billion during the second quarter, up 35% from a year ago and about 47% sequentially, as the firm’s recruiters return to their organic recruiting efforts. The firm has recruited $89 billion over the trailing 12-month period, the company reported. LPL is on track to complete the conversion…
It’s easy to see why Florida is a haven for retirees. Between the year-round warm weather, miles of coastline, and zero state income tax, the Sunshine State is already home to roughly 5 million people 65 and older. However, relocating doesn’t guarantee a lower cost of living, even for those moving from high-cost northern states….
A gauge of the risk in holding these firms’ debt has climbed to record highs, the Financial Times reported, citing LSEG data, with credit default swaps tied to Oracle, Alphabet, Amazon, Meta, Broadcom, Nvidia and SpaceX all touching records in recent days. Oracle’s five-year swaps traded at 215 basis points on Monday, up from 144…
Plus, Kaufman Rossin launches a PE practice; Centri announces promotions; and other firm and personnel news from across the profession.
Before Sommer was a shop, it was a way of seeing. Founder Madeleine Shields had spent years working as an interior stylist before launching the project as an online shop in 2021. Following the birth of her daughter Romy, she envisioned a place built around what she calls “pieces of a home”—a thoughtful collection of…
If you’re looking for a back-to-school gift for a grandkid heading off to college, your best bet might actually be a Costco membership. The popular wholesale club reported that nearly half of its new signups were from Millennials and Gen Z adults in a recent earnings call. Costco has become a bit of a trend…
An insurance policy generally isn’t something you can return for your money back. But there’s one exception: return-of-premium (ROP) life insurance. This type of coverage reimburses you for the money you paid in premiums if you don’t die during the term. Some insurers offer it as a stand-alone policy, though it’s commonly sold as a…
Shares of Novo Nordisk fell as much as 10% on Friday after the drugmaker said a late-stage heart drug trial failed to reduce major adverse cardiovascular events, or MACE, compared to a placebo. While the experimental medicine, ziltivekimab, did show some biological effect, it didn’t translate into a statistically meaningful reduction in MACE, defined as…
Dive Brief: Adidas is bringing back alum Birgit Kretschmer to succeed longtime CFO Harm Ohlmeyer, who is stepping down from the seat he’s held since 2017, according to a company press release Thursday. Kretschmer will take the finance reins “at the end of the year” and join the company’s executive board in September. The sports…
